Re-financing Jumbo Mortgage

What kind of assets do you have? If you can swing it, start a relationship with a private bank like Bank of New York Mellon.

Try Apple.

Sorry, I meant Emigrant on 42nd St - not sure if there are other branches, but they're very easy with co-op loans, or they were even late last year.

I don't think Emigrant does jumbo mortgages anymore.

BoNY/Mellon is now owned by Chase, no? Most of their branches became chase. They swapped services and expertise from what I understand. Under what terms can you still get a relationship with BoNY?

No no no. Bank of New York was taken over by Mellon, and changed their name. They sold their retail banking division to Chase. Bank of New York Mellon is now a private bank.

hopeful - certainly lending criterias have changed especially for condos. Is your established condo 90% sold? Also, Im assuming if you got into an ARM bc of the attractive rate. It is likely your rate and payments will jump at a fixed mortgage. Of course if you plan on holding onto the property for long then it may make sense. And which lender current holds your mortgage? Bc Im sure youd want to do a CEMA so you dont pay that dreaded mortgage tax again. sunny.hong@bankofamerica.com

Thanks, everyone. You've given me some ideas. I'll let you know how it goes.